NON-EXECUTIVE DIRECTORS

Roger Davis - non-Executive Chairman Roger spent some eight years at Barclays, latterly as the CEO of the 45,000 strong UK Banking operation and as a member of the Board of Barclays Plc. Under his leadership, the UK Business was significantly restructured. Prior to that he spent ten years in investment banking in London and various positions in China and India for Flemings and later BZW. Roger started his career with a twelve year service in the British Army. Roger joined Gem Diamonds in February 2007.

Gavin Beevers - non-Executive Director Gavin was the Director of Operations of De Beers from April 2000 until his retirement in 2004. He joined De Beers in 1979 in Botswana, for eleven years. Thereafter, he was appointed Assistant General Manager at De Beers Marine in Cape Town until 1994, whereafter he returned to Botswana as General Manager at Orapa and Letlhakane Mines. From January 1996 to March 2000, Gavin held the position of Deputy Managing Director of Debswana Diamond Company. Gavin joined Gem Diamonds in February 2007.

Dave Elzas - non-Executive Director Dave has over 15 years working experience in international investment banking. Between 1994 and 2000 Dave served as a senior executive and subsequently Managing Director of the Benny Steinmetz Group, which included the Steinmetz Diamond Group. Between 1996 and 1999 he was also a member of the board of directors of the management company of the Hermitage Fund, one of the largest foreign investment funds in Russia. Dave is currently the Senior Partner and CEO of the Geneva Management Group, an international wealth management and financial services company. Dave joined Gem Diamonds in October 2005.

Lord Robin Renwick – non-Executive Director Lord Renwick spent the majority of his career representing Britain in the ambassadorial service. He served as British Ambassador to the United States from 1991 to 1995 and as British Ambassador to South Africa from 1987 to 1991. He is Vice Chairman, Investment Banking, of JPMorgan Europe and Vice Chairman of JPMorgan Cazenove. He is a NON-Executive-Director of Compagnie Financière Richemont, Fluor Corporation, Kazakhmys plc and SABMiller plc. Lord Renwick served previously on the boards of BHP Billiton, British Airways and Liberty International. Lord Renwick joined Gem Diamonds in September 2007.

Mike Salamon – non-Executive Director Mike is a mining engineer MBA with over 30 years experience in the mining sector. He was a founding director of Billiton and was instrumental in this company’s IPO on the London Stock Exchange in 1997 and subsequent merger with BHP in 2001. Mike retired from his position of Executive Director at BHP Billiton in 2006 and is now the Co-president of private equity fund AMCI Capital. Mike joined Gem Diamonds in February 2008.

Richard William MBE MC - non-Executive Director Richard spent 20 years in the British Army, latterly as the Commanding Officer of 22 SAS Regiment, during which time he saw service across the Middle East, Latin America and Africa. Richard has an MBA from Cranfield University and a Masters in International Security Studies from Kings College, London. Richard is the CEO of Chakata Ltd, an investment management company focused on defence and security technologies. Richard joined Gem Diamonds in February 2008.

EXECUTIVE DIRECTORS

Clifford Elphick – Chief Executive Officer Clifford joined Anglo American Corporation of South Africa in 1986 and was seconded to E Oppenheimer and Son as Harry Oppenheimer's personal assistant in 1988. In 1990 he was appointed managing director of E Oppenheimer and Son, a position he held until leaving in December 2004. During that time, Clifford was also a director of Central Holdings, Anglo American and DB Investments. Following the buy-out of De Beers in 2000, Clifford served on the De Beers Executive Committee. Clifford formed Gem Diamonds in July 2005.

Kevin Burford - Chief Financial Officer Kevin has over 20 years' experience in the mining industry having worked for De Beers and Anglo American between 1985 and 2005, and Xstrata in 2005. Kevin has held various strategic leadership positions covering finance, supply chain, IT, risk management, internal audit and business strategy. Kevin completed his articles with Coopers and Lybrand in 1984 and is a registered Chartered Accountant in South Africa. Kevin joined Gem Diamonds in January 2006.

Alan Ashworth – Chief Operating Officer Alan holds a BSc in Mining Engineering from Nottingham University and has 32 years’ experience in the mining industry in various operational management roles. During his career he has worked in various countries including South Africa, Namibia, Botswana, Guinea, Ghana and Russia. He spent 28 years within the De Beers group including 4 years as the General Manager of the Namdeb Diamond Corporation and 4 years as the Group Manager, Operations and Head of Operations for DBCM. From March 2006 until August 2007 he was the Managing Director of Gold Fields - Ghana’s operations in West Africa. Alan joined Gem Diamonds in November 2007.

Glenn Turner - Chief Legal and Commercial Officer Glenn was called to the Johannesburg Bar in 1987 where he spent fourteen years practising as an advocate specialising in general commercial and competition law, and took silk in 2002. Glenn was appointed De Beers' first General Counsel in 2002 and was also a member of their Executive Committee. Glenn was responsible for a number of key initiatives during this tenure, including overseeing their re-entry into the USA. Glenn joined Gem Diamonds in May 2006.